Land settlement system
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Meghna Thapar 5 years, 2 months ago
The Permanent Settlement (also Permanent Settlement of Bengal) was introduced by Lord Cornwallis in 1793. It was an agreement between the British East India Company and the Landlords of Bengal to settle the Land Revenue to be raised. Lord Cornwallis came to India as the Governor General.
Land revenue is tax or revenue levied on agricultural production on land. It is either collected as a percentage of the share of total crop or a monetary value is fixed on the land to be paid by the farmer. It has been the major source of revenue for empires.
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